Anderside Tools Limited - Accounts to registrar (filleted) - small 17.3
Anderside Tools Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| ANDERSIDE TOOLS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| ANDERSIDE TOOLS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Citypoint 2 |
| 25 Tyndrum Street |
| Glasgow |
| G4 0JY |
| BANKERS: |
| 19 Stuart Street |
| East Kilbride |
| Glasgow |
| G74 4NF |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| BALANCE SHEET |
| 31 AUGUST 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Revaluation reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| BALANCE SHEET - continued |
| 31 AUGUST 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 1. | STATUTORY INFORMATION |
| Anderside Tools Limited is a private company, limited by shares, registered in Scotland. The company's registered number |
| is SC082501 and its registered office is c/o Hardie Caldwell LLP, Citypoint 2, 25 Tyndrum Street, Glasgow, G4 0JY. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| This is the first year in which the financial statements have been prepared under FRS 102. The transition from preparing |
| the financial statements in accordance with FRSSE 2015 to FRS 102 (1A) has had no material impact on the financial |
| position and the financial performance of the company. |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable. |
| Turnover represents net invoiced sales of goods, excluding value added tax, attributable to mould making and toolmaking |
| and is recognised when the goods are delivered to the customer. |
| Tangible fixed assets |
| Depreciation of fixed assets is calculated to write off the cost or valuation less any residual value over their estimated |
| useful lives as follows: |
| Freehold buildings | - 2.5% reducing balance |
| Plant & machinery | - 15% on cost |
| Motor vehicles | - 25% on cost |
| Fixtures & fittings | - 10% on cost |
| Pension costs and other post-retirement benefits |
| Financial instruments |
| Debtors |
| Trade and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable |
| amounts when there is objective evidence that the asset is impaired. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of maturity, being |
| twelve months or less, from the opening of the deposit or similar account. In the balance sheet bank overdrafts are shown |
| within creditors. |
| Creditors |
| Trade and other creditors are recognised where the company has a present obligation resulting from a past event and are |
| recognised at the settlement amount due after allowing for any trade discounts due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 September 2016 |
| Disposals | ( |
) | ( |
) |
| At 31 August 2017 |
| DEPRECIATION |
| At 1 September 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2017 |
| NET BOOK VALUE |
| At 31 August 2017 |
| At 31 August 2016 |
| Buildings with a historic cost of £246,596 are included at their revalued amount of £270,000 as a result of an independent |
| valuation on an Open Market Value Basis in the year ended 31 August 2009. |
| 2009 | 2008 |
| £ | £ |
| Freehold buildings - historic cost | 246,596 | 246,596 |
| Freehold buildings - historic cost depreciation | 85,863 | 81,742 |
| 160,733 | 164,854 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2017 | 2016 |
| £ | £ |
| Private registration plate | 4,149 | 4,149 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| ANDERSIDE TOOLS LIMITED (REGISTERED NUMBER: SC082501) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2017 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary shares | £1 | 25,000 | 25,000 |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| ANDERSIDE TOOLS LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
| Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are |
| not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
| statements of Anderside Tools Limited for the year ended 31 August 2017 which comprise the Income Statement, Other |
| Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
| This report is made solely to the Board of Directors of Anderside Tools Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anderside Tools Limited and state those matters that we have agreed to state to the Board of Directors of Anderside Tools Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Anderside Tools Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anderside Tools Limited. You consider that Anderside Tools Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Anderside Tools Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| Citypoint 2 |
| 25 Tyndrum Street |
| Glasgow |
| G4 0JY |